Tuesday, February 28, 2012

NCDEX Live Tips and Trend For Today: 29th Feb '12

Menthaoil February contract was up by 4.00% to Rs 1,942.70 per kg, CPO April contract was up by 0.64% to Rs 554.30 per 10 kgs, cardamom March contract was up by 3.97% to Rs 961.30 per kg, sugar April contract was up by 0.48% to Rs 2920.00 per 100 kgs, kapas April contract was up by 3.63% to Rs 843.10 per 20 kgs, potato April contract was up by 3.95% to Rs 854.30 per 100 kgs, potatotrwr March contract was up by 3.36% to Rs 719.80 per 100 kgs and cotton March contract was up by 1.67% to Rs 17,040 per bales.

Spot black pepper gained Rs 400 a quintal on higher futures on Tuesday. Black pepper un-garbled quoted at Rs 36,200 per quintal and MG-1 at Rs 37,200 a quintal in private as markets are closed on Bharat Band. On the higher prices in spot market there is no seller and buyer in the market. Current prices of black pepper are abnormal because domestic crop of black pepper is not recorded so lower as its unable to fulfill the demand. No farmer is interested to sell their produce in this peak season.

Burma tur, Australia chana and Canada masoor slipped down on dull demand in the opening session of trade at the Mumbai pulses market Tuesday. Burma lemon tur offered lower Rs 60 per quintal due to lack of buying support from millers and traders against regular arrivals in local and from overseas. Australia chana priced lower Rs 25 per quintal on slack demand against regular supplies from its origin. While, NCDEX quality desi chana stayed steady in bench mark market Delhi.